Today
How the west’s miners won over Canberra
The production tax credits on critical minerals processing unveiled in the federal budget were the result of months of careful negotiations that started with a meeting in Perth.
- 1 hr ago
- Brad Thompson
JPMorgan starts pounding pavement for Carnarvon Energy’s strat review
Potential bidders have been told to think of the opportunity to consolidate their Dorado stake by buying up JV partner Santos’ stake.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Yesterday
Anglo American wants a single buyer for its Australian coal division
The London-listed diversified miner this week unveiled a major divestment plan designed partly to keep a $64.4 billion buyout proposal from BHP from succeeding.
- Peter Ker
This small cap has rocketed since South32’s manganese mine disaster
Shares in Jupiter Mines have doubled in value since Cyclone Megan forced the closure of one of the world’s biggest producers of the steel making commodity.
- Tom Richardson
This Month
- Opinion
- Chanticleer
Why BHP’s hopes of buying Anglo American are fading fast
BHP boss Mike Henry has taken his takeover pitch directly to Anglo American investors. But the hurdles to this bid are multiplying, and time is running out.
- Updated
- James Thomson
- Opinion
- Energy transition
Billions are not enough to realise critical mineral and renewable hydrogen hopes
Where the government can make a real difference is getting the basics right; starting with environmental approval processes is just too hard.
- Patrick Gibbons
Rio chief ‘not afraid’ of M&A as Anglo break-up looms
Jakob Stausholm won’t rule out entering the acquisition fray, but told investors he doesn’t want big transactions to derail his recovery mission at the miner.
- Peter Ker
- Updated
- Mergers & acquisitions
BHP says Anglo American demerger plan vindicates takeover structure
The London-listed miner will sell or shut assets except those producing copper, iron ore and crop nutrients as it hopes to see off its Australian suitor.
- Updated
- Peter Ker
- Updated
- Federal budget
Miners hail tax credits but Coalition to block ‘billions for billionaires’
Australia’s critical minerals industry has hailed $13.7 billion in budget tax credits at the same time as the Coalition has vowed to block the policy claiming it will deliver “billions to billionaires”.
- Brad Thompson
Anglo American to sell Queensland coal in big shrink, spurning BHP
Anglo American will sell or shut everything except its copper, iron ore and potash mines as part of a strategy to dodge BHP’s advances.
- Updated
- Peter Ker and Elouise Fowler
- Opinion
- Chanticleer
Anglo American shapes up for $64b fight with BHP
Anglo American has pulled out a takeover defence with the works. Now, it has to convince shareholders not to side with BHP.
- Anthony Macdonald
China’s biggest mine on Aussie soil makes $820m profit
Chinese conglomerate CITIC made a profit of almost $820 million on magnetite operations in WA that it says are under threat because billionaire Clive Palmer refuses to hand over more land.
- Brad Thompson
Anglo American puts plan B into action after rejecting BHP’s bid
Anglo American boss Duncan Wanblad is understood to be warming up to present a strategy update to the mining group’s shareholders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
BHP turns Anglo pursuit into $64b chess game
BHP has bid against itself and disclosed it, in an effort to put pressure on the London-listed miner. The next move is Anglo’s, and only hours away.
- Updated
- Anthony Macdonald
Miners hope for budget tax credits
Lithium and nickel miners who lobbied for tax breaks are set to be among the big budget winners as the Albanese government tries to shore up its ‘made in Australia’ plans.
- Brad Thompson
Anglo American rejects second, higher BHP takeover offer
BHP chief executive Mike Henry said he was disappointed that directors of the London-listed miner had not been willing to enter into further discussions.
- Peter Ker
Rio investigates latest iron ore train derailment
Rio Tinto’s driverless trains are under scrutiny after the third derailment in 11 months at iron ore operations in WA.
- Brad Thompson
BHP’s Mike Henry traverses the globe by private jet
The mining giant has rented a private jet for its global M&A push on Anglo American.
- Mark Di Stefano
Anglo’s South African investors open to improved BHP bid
The shareholder stance defies South African government hostility to the plan that would break up the national champion.
- Harry Dempsey and Rob Rose
Gold Road’s takeover grip on $2.3b De Grey loosens
Gold Road’s grip on Australia’s best undeveloped gold mine will loosen after it bought only a portion of its rights in De Grey to keep alive a rival deal.
- Peter Ker
